Life Insurance Exam [National] 71 – Transfer-for-Value Rule Explained
This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. This episode covers content for the National Exam. In this episode you will learn: • How the transfer-for-value rule converts income tax-free death benefits into taxable income. • The calculation formula for determining the taxable gain when a policy is sold for value. • The five specific…
The skinny
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